Property profile

4253 Otter Lake Rd Otter Lake, MI 48464

OFF-MARKET
Mixed-use properties
6,900 SF 127.98 ac lot Built 2019
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Property summary

AI-generated overview

This exceptional turnkey mining operation in Otter Lake, MI, presents a lucrative investment opportunity. The property encompasses 127.98 acres of land zoned for agricultural use, boasting over 10 tons of aggregate reserves, ideal for topsoil, sand, gravel, or stone extraction. A 6,900 square foot, three-story building constructed in 2019 is included, featuring five loading docks, six dock-high doors, and a remarkable 48-foot ceiling height. The building's versatile layout includes a reception area, maintenance and storage bays, a conference room, and living quarters. Over $1.6 million in equipment is included in the sale. The property is currently operating as a business, offering immediate revenue potential. The APN is 013-010-011-10. The sale includes the building, land, equipment, and existing business operations. Occupancy is available December 5th, 2024. This is a rare opportunity to acquire a well-established, profitable business with significant growth potential. The asking price is $5,750,000.

Property profile

Verified
Property type Mixed-use properties
Year built 2019
Total area 6,900 SF
Lot 127.98 ac (5,574,809 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4253 Otter Lake Rd Otter Lake, MI 48464
Otter Lake metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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